Telefónica, S.A. (TEF)
After hours:
- Reuters
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
STOCKHOLM (Reuters) -Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the global telecoms market. While some telecom networks have moved IT and other non-core operations to the public cloud, the move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud. Big cloud-computing services firms such as Amazon and Microsoft have been trying to move more into the telecoms sector, lured by billions of dollars in potential revenue, but operators have been wary of the capability of public clouds in handling a mobile network.
- Zacks
Zacks Industry Outlook Highlights Telefonica, Telenor and Vivendi
Telefonica, Telenor and Vivendi are part of the Zacks Industry Outlook article.
- Zacks
3 Communication Stocks Poised to Soar Despite Industry Woes
The accelerated pace of 5G deployment and demand for scalable infrastructure should help the Zacks Diversified Communication Services industry thrive despite short-term woes. TEF, TELNY and VIVHY are well-positioned to make the most of the infrastructure upgrade for seamless connectivity.
